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North Carolina Medical Society Employee Benefit Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562096193 ✦ Raleigh, NC ✦ Designated as a 501(c)(9)

Overview

What is North Carolina Medical Society Employee Benefit Trust?

The North Carolina Medical Society Employee Benefit Trust is a funding mechanism for a multiple employer welfare arrangement based in Raleigh, North Carolina. Eligible members of the North Carolina Medical Society, their employees, and dependents can enroll for the health, dental, and life insurance benefits offered by the trust. The trust is specifically designed to cater to the unique needs of North Carolina physicians, offering value-added plans that are straightforward and customized for their practice. The trust provides a statewide health benefits plan for North Carolina physicians, making it the only one of its kind in the market.


Official website here: www.ncmsplan.com

Is North Carolina Medical Society Employee Benefit Trust legitimate?

North Carolina Medical Society Employee Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. North Carolina Medical Society Employee Benefit Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ncmsplan.com

What is the mission statement of North Carolina Medical Society Employee Benefit Trust?

The North Carolina Medical Society Employee Benefit Trust serves as a funding mechanism for a multiple employer welfare arrangement, making health, dental, and life benefits available to members of the North Carolina Medical Society, their employees, and dependents. This value-added plan is designed specifically to meet the unique needs of North Carolina physicians and their practices. As the only statewide health benefits plan tailored exclusively for North Carolina physicians, the NCMS Employee Benefit Plan offers distinct choices that cater to the local market.


Official website here: www.ncmsplan.com

Who is the CEO of North Carolina Medical Society Employee Benefit Trust?

Dr Kenneth A Holt Md is the Chair (From 4/2022) of North Carolina Medical Society Employee Benefit Trust.


Official website here: www.ncmsplan.com

What is the revenue of North Carolina Medical Society Employee Benefit Trust?

North Carolina Medical Society Employee Benefit Trust's revenue in 2022 was $49,002,886.


Official website here: www.ncmsplan.com

Who are the executives of North Carolina Medical Society Employee Benefit Trust and what are their salaries?

Here are 5 key members and their salaries:

    Robert P Gossett Md (Chair (To 4/2022)) [Trustee/Director]
  • Compensation: $4,000
  • Related: $0
  • Other: $0

    • Kenneth A Holt Md (Chair (From 4/2022)) [Trustee/Director]
  • Compensation: $2,000
  • Related: $0
  • Other: $0

    • Sandy Cohen Md (Trustee)
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • Mary Ann Contagiannis Md (Trustee)
  • Compensation: $1,500
  • Related: $0
  • Other: $0

    • William Ingram Iii Md (Trustee)
  • Compensation: $1,500
  • Related: $0
  • Other: $0


  • Official website here: www.ncmsplan.com

    Where can I find the form 990 for North Carolina Medical Society Employee Benefit Trust?

    The North Carolina Medical Society Employee Benefit Trust’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ncmsplan.com

    Learn more at the official website: www.ncmsplan.com

    Mission Statement of North Carolina Medical Society Employee Benefit Trust

    The North Carolina Medical Society Employee Benefit Trust serves as a funding mechanism for a multiple employer welfare arrangement, extending eligibility to members of the North Carolina Medical Society, their employees, and dependents. This unique entity offers health, dental, and life benefits tailored to the specific needs of North Carolina physicians and their staff.

    As the only statewide health benefits plan designed exclusively for North Carolina physicians, the North Carolina Medical Society Employee Benefit Trust provides a value-added solution that caters to the distinct requirements of medical practices. The trust's offerings are straightforward and customized, setting it apart from the market with its unique choices. The plan's mission is to deliver a comprehensive benefits solution that accommodates the varying needs of North Carolina's medical community.

    By offering a range of health, dental, and life benefits, the North Carolina Medical Society Employee Benefit Trust empowers its members to focus on their practices while ensuring their employees' wellbeing. The trust's commitment to the medical community enables it to offer choices that cater to the unique demands of the profession. With its member-centric approach, the North Carolina Medical Society Employee Benefit Trust is a trusted partner in addressing the healthcare needs of North Carolina's medical community.

    Impact

    This information is meant to be a general summary of North Carolina Medical Society Employee Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The North Carolina Medical Society Employee Benefit Trust provides health, dental, and life insurance benefits to eligible members of the North Carolina Medical Society and their employees. As the only statewide health benefits plan designed exclusively for North Carolina physicians, the NCMS Plan offers choices that are unique to the market. This trust serves as a valuable resource for North Carolina physicians, helping them meet their practice and employees' needs with straightforward and customized health benefits.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $740,060
  • Program Service Revenue: $48,262,826
  • Gross Receipts: $75,366,244

    • Assets and Liabilities:
  • Total Assets: $33,134,903
  • Total Liabilities: $4,798,700
  • Net Assets: $28,336,203
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    MEMBER PREMIUM PAYMENTS

    Revenue

    $48,262,826

    Organization Details

    Founding Year

    1998

    Principal Officer

    Dr Kenneth A Holt Md

    Main Address

    700 SPRING FOREST ROAD 400, RALEIGH, NC, 27609

    NTEE Category

    Code: Y20 - Mutual benefit

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